San Antonio-based Texas First Rentals, a construction equipment rental company and a division of local firm Holt, announced Dec. 12 the acquisition of Rental One, an equipment and storage container rental company.
A news release said Texas First Rentals offers rental solutions through its full line of aerial, dirt and portable power equipment. The equipment Texas First Rentals provides includes boom lifts, scissor lifts, excavators, generators, pumps and trench safety equipment.
Rental One provides construction equipment and supplies in 15 locations throughout the Dallas-Fort Worth Metroplex and Central Texas regions.
Holt CEO and General Manager Peter J. Holt said Rental One is a strategic and cultural fit that complements his company’s existing products and services.
“More importantly, Rental One is a multigenerational, family-owned Texas company. As a family-owned business ourselves, we know the value of such an organization and what that means to our customers,” Holt said in a statement.
Rental One was founded in 2004 in Colleyville with equipment rental roots going back to the 1950s. It is a family-owned, full-service equipment and storage container rental company offering a full line of construction equipment and concrete, safety, erosion control and construction supplies throughout its locations, the release said.
Rental One President Mike O’Neal said his team has worked to build a successful business with meaningful relationships that span three generations.
“Our customers will benefit from a broader range of products and combined expertise as we join the Texas First Rentals team. We continue to be committed to providing customers with the best equipment and reliable service they have grown to know,” O’Neal said.
With this acquisition, the 300 Rental One employees, including the leadership team, will become employees of Texas First Rentals and will continue to operate from Rental One locations.
This acquisition will allow Texas First Rentals to expand its presence to a total of 40 locations statewide, including three in the San Antonio area.
“I’m confident joining a values-based organization is a positive move for us all. We look forward to collaborating with the Texas First Rentals team to build upon our mutual success,” O’Neal said.